Adaptive Project Management & Analysis

Format availability:

In-Person

Duration:

10 Days

Daily Agenda

Module I: Adaptive (Agile) Project Management:
DAY 1:
Understanding Projects and Project Management
  • Characteristics of Projects
  • Fundamental Concepts of Project Management
  • Setting-up for Success - The Charter
  • Setting-up for Success - The Project Team
  • Understanding Stakeholders
DAY 2:
Predictive Project Management - Planning
  • Product Scope Planning - requirements collection
  • Project Scope Planning - establish work breakdown structure
  • Schedule Planning - constructing the project timeline
  • Schedule Planning - optimizing the project timeline
  • Cost Planning - cost planning and estimation
  • Cost Planning - establishing the project budget
DAY 3:
Predictive & Adaptive Project Management - Control
  • Risk Management - Risk Identification and Analysis
  • Risk Management - Establishing Risk Response Approaches
  • Managing Project Change
  • Controlling Adversity through Effective Contingency Planning
  • Controlling Progress through Earned Value Management
  • Agile (Adaptive) Values and Principles
DAY 4:
Adaptive Project Management
  • SCRUM Foundations - Characteristic of Highly Effective Teams
  • The SCRUM Framework
  • Key Roles of Scrum - The Product Owner
  • Key Roles of Scrum - The Scrum-master
  • Key Roles of Scrum - The Self-organized Team
  • Key Artifacts of Scrum
DAY 5:
Practical Considerations in the Application of SCRUM
  • Sprint Planning Techniques
  • Executing Iterations - The Scrum “Sprint”
  • Continuous Learning Techniques through Project Retrospective
  • Course and Techniques Review
  • Contrasting Control Mechanisms of these Different Approaches
Module II: Project Analysis: Tools & Techniques for Managing Risk & Uncertainty:
DAY 6:
Fundamentals of Decision Analysis
  • What is project management decision analysis?
  • The purpose of the project business case
  • The need for systematic risk management for decision-making
  • Risk and uncertainty on projects
  • Option analysis
  • Identifying key decision-making factors
Measures of Project Profitability
  • Fundamental tools of engineering economics
  • Time value of money
  • Appraisal methods - Discounted Cash Flow Projections
  • Time equivalence
DAY 7:
Cash-Flow Modelling and Project Decision Analysis
  • Financial Modelling and Project Evaluation
  • Internal Rate of Return computations (IRR)
  • Determining the Internal Rate of Return (IRR)
  • The risk of not understanding IRR
Analysing Project Specifics
  • Understanding the project context to assist in decision-making
  • Determine stakeholders and their level of influence
  • Capture requirements
  • Determine scope of work
DAY 8:
The Cost of Capital
  • Capital & Operating Expenditures (CAPEX / OPEX)
  • Estimating the cost of capital for a project
  • Benefit-Cost Ratio (BCR)
  • Dis-benefits
Risk Modelling in Practice
  • Identify Risks
  • Forecasting risk impacts & probabilities
  • Opportunity costs, sunk costs & salvage value of a project
  • Determining the Risk Priorities
  • The need for company cash flow
DAY 9:
Decision Analysis: Expected Value Concept
  • Basic Probability Concepts
    • Fundamental probability concepts
    • Mutually & non-mutually exclusive, independent events
  • Quantitative Project Risk Analysis
    • Semi-quantitative bow-tie process
    • Detailed risk quantification and prioritisation
    • Expected monetary value
    • Scenario planning
  • Sensitivity Analysis Tools
    • Simulation process
    • Tornado diagram
    • Defining the variables - PERT
DAY 10:
Decision Trees, EMV, Risk Responses and ROI
  • Decision Tree Analysis
    • Developing decision trees
    • Solving decision trees
  • Risk Responses
    • Developing risk responses
    • Evaluating response relevance
  • ROI Analysis
    • Understanding ROI
    • Identifying ROI
    • Evaluating and presenting your project options

Frequently Asked Questions

There are no prerequisites. Our courses are open to students of all backgrounds who are 18 years of age and older. All courses are conducted in English. Video lectures include English subtitles and the option to slow-down, pause, or replay lectures for better retention. Discussion boards are a critical component of each of our courses; therefore, we suggest students have a conversational knowledge of English when pursuing a Certificate of Completion. For any of the art writing courses, students need to be 100% proficient in written English.

You should have an up-to-date web browser such as: Chrome, Safari, Firefox, or Internet Explorer. For more detailed information, please see the guides for supported browsers and basic computer specifications. Our Online Courses can be accessed on a mobile or tablet device, although we strongly encourage you to have access to a desktop or laptop computer and reliable internet connection for certain course components. Former students have told us it is easiest to read discussion threads and complete written assignments on a laptop or desktop computer.

Registration is available on our website. Just follow these simple steps: Click the “Apply Now” button in the top right corner of your screen. Select “Online Courses.” Choose your course(s). You will be asked for basic contact information and your credit card payment. We require full payment at the time of registration and all tuition is billed in US dollars. Be sure to check with your bank or credit card company, as your financial institution may charge a foreign transaction fee.

Our classes are kept small, at no more than 30 students, to better facilitate and encourage personalized interaction with the instructor and fellow participants. Your classmates come from all over the globe and contribute their global perspectives and experience. Some are currently working within the arts while others are just beginning. All classmates share in their passion for the art world.

It is recommended that you begin your course promptly. If you do need to start the course a few days late, contact your instructor as soon as possible after the course has opened to discuss your options. Registration closes on the Friday after the course begins.

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London
08-19 Jul 2024
Fee: $11,900
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16-27 Dec 2024
Fee: $11,900
London
14-25 Jul 2025
Fee: $11,900
Dubai
22 Dec 2025-02 Jan 2026
Fee: $11,900
Course customization available
Course customization available

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